Accounting Cycle
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Last updated 5:09 PM on 1/21/26
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13 Terms
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Step 1
Analyze Transaction
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Step 2
Prepare Regular Journal Entries
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Step 3
Post Regular Journal Entries
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Step 4
Prepare an Unadjusted Trail Balance
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Step 5
Prepare Adjusting Journal Entries
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Step 6
Post Adjusting Journal Entries
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Step 7
Prepare an Adjusted Trial Balance
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Step 8
Prepare financial statements
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Step 9
Prepare Closing Journal Entries
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Step 10
Post Closing Journal Entries
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Step 11
Prepare a Post Closing Trial Balance
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True or False. Any journal entry you do needs to be posted to the General Ledger
True
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What are the types of journal entries
Regular, Adjusted, Closing
Note 
Flashcards (73)